Are We In A Major Recession?

Question

The Market Is Looking Pretty Bleak Today. Is It Getting Worse If We Are?

Answer 1

We ARE NOT now in a major recession.  We may be moving in that way.  Things could really get bad.  We are balanced on a tight rope, and we could fall off very quickly.  If that happens, you will not have to ask.  You will KNOW it.

Answer 2

It all depends on how you look at things.

By government definition - no. We would need 2 back to back quarters of "negative growth" (That's an Oxymoron).

"According to one widespread definition, a recession occurs when real growth is negative for two or more successive quarters of a year. However, there are differing definitions: In the United States, the National Bureau of Economic Research's (NBER) Business Cycle Dating Committee ultimately decides whether the economy has fallen into a recession. The NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production and wholesale-retail sale"

http://en.wikipedia.org/wiki/Recession

Now for the reality.

To me A 50%+ drop in major stocks is a serious problem.

Airlines = in depression

Housing credit & mortgage foreclosures = in depression

home builders = in depression

stock market = bear market

banks = in depression

stock brokerages = in depression

bond insurers = in depression

mortgage insurers = in depression

consumers = strapped

gas/ oil = record high's - up 100% in 12 months

food (gains) = up 100-300%+ in 12-36 months

no, everything is fine.

there are no weeds in my garden...

there are no weeds in my garden...

there are no weeds in my garden...

:P

Answer 3

I think it is going to get worse. Read this-- http://homeruntrades.blogspot.com/2008/0...

Answer 4

Things are very bad. Sell all your stock. Get out of this market. No reason to own any equities.

Answer 5

yes its getting worse